Concord Wealth Partners Buys 1,062 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Concord Wealth Partners grew its stake in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 20.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,142 shares of the financial services provider’s stock after purchasing an additional 1,062 shares during the period. Concord Wealth Partners’ holdings in Marsh & McLennan Companies were worth $1,164,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MMC. Impax Asset Management Group plc bought a new stake in shares of Marsh & McLennan Companies during the 4th quarter valued at about $261,787,000. Assenagon Asset Management S.A. boosted its stake in Marsh & McLennan Companies by 3,413.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 532,670 shares of the financial services provider’s stock worth $100,925,000 after acquiring an additional 517,510 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Marsh & McLennan Companies by 1,496.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 447,000 shares of the financial services provider’s stock worth $85,064,000 after acquiring an additional 419,000 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Marsh & McLennan Companies by 60.5% during the third quarter. Adage Capital Partners GP L.L.C. now owns 791,161 shares of the financial services provider’s stock worth $150,558,000 after acquiring an additional 298,300 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Marsh & McLennan Companies by 4.8% during the third quarter. Northern Trust Corp now owns 5,979,821 shares of the financial services provider’s stock worth $1,137,960,000 after acquiring an additional 271,408 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

Analyst Ratings Changes

MMC has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of Marsh & McLennan Companies from $212.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods lifted their target price on shares of Marsh & McLennan Companies from $185.00 to $188.00 and gave the stock an “underperform” rating in a report on Wednesday, April 10th. The Goldman Sachs Group cut shares of Marsh & McLennan Companies from a “buy” rating to a “sell” rating and decreased their target price for the stock from $215.00 to $185.00 in a report on Monday, January 8th. Royal Bank of Canada lifted their target price on shares of Marsh & McLennan Companies from $208.00 to $210.00 and gave the stock a “sector perform” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Marsh & McLennan Companies from $190.00 to $198.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $207.69.

Insider Buying and Selling

In related news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the completion of the transaction, the chief financial officer now owns 33,678 shares in the company, valued at $6,762,205.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Mark C. Mcgivney sold 12,494 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $200.79, for a total transaction of $2,508,670.26. Following the sale, the chief financial officer now owns 33,678 shares of the company’s stock, valued at $6,762,205.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Dean Michael Klisura sold 9,994 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $205.00, for a total transaction of $2,048,770.00. Following the completion of the sale, the chief executive officer now directly owns 20,935 shares in the company, valued at approximately $4,291,675. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,751 shares of company stock worth $7,448,163. 0.35% of the stock is owned by insiders.

Marsh & McLennan Companies Stock Performance

Shares of MMC traded up $1.26 during mid-day trading on Wednesday, hitting $200.69. 840,396 shares of the company traded hands, compared to its average volume of 1,728,482. Marsh & McLennan Companies, Inc. has a 1 year low of $171.47 and a 1 year high of $209.20. The stock has a market cap of $98.88 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 3.31 and a beta of 0.90. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50-day moving average price of $203.03 and a two-hundred day moving average price of $197.31.

Marsh & McLennan Companies (NYSE:MMC) last announced its earnings results on Thursday, April 18th. The financial services provider reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.09. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Marsh & McLennan Companies had a net margin of 16.84% and a return on equity of 34.14%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.53 earnings per share. Equities analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.69 earnings per share for the current year.

Marsh & McLennan Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 4th will be given a dividend of $0.71 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.42%. Marsh & McLennan Companies’s dividend payout ratio is 36.04%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services company, provides advice and solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance and reinsurance broking, strategic advisory services, and analytics solutions, and insurance program management services.